...is this good for BTC or is it dangerous for BTC holders?...

...is this good for BTC or is it dangerous for BTC holders?

...or is it BOTH?

...why is this happening now?

...everyone being stupid or they see something changing?

...I am cautiously skeptical which is why I am not throwing caution to the wind with a small participation (which I am prepared to lose, but haven't since).

...is this all just retail in the making, or are the instos largely in the mix?
Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too | 2024-10-30 | HotCopper

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Demand for #Bitcoin is through the roof:
Open interest in Bitcoin Futures on CME has surpassed 40,000 contracts for the first time in history.

Since the beginning of the year, the total number of outstanding contracts for Bitcoin has DOUBLED.

To put this into perspective, at the 2021 November peak, open interest was ~58% lower, at ~17,000.

This comes as Bitcoin's market cap has reached a record $1.94 trillion. Investors continue to pile into Bitcoin.

https://x.com/KobeissiLetter/status/1862493046341792132